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Crisis Deepens At IGM Biosciences As Autoimmune Gambit Fails

 
• By Andrew McConaghie

The company’s IgG antibody constructs have now failed in oncology and autoimmune disease, leaving it with few remaining strategic options.

(Shutterstock)

In September, IGM Biosciences decided to pivot into autoimmune diseases after failure in oncology, but the strategy has already foundered. The company has halted development of its two lead candidates, plunging it deeper into crisis and leaving it with no clear strategic plan other than to slash nearly three quarters of its workforce to cut costs.

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